ULTRA LITHIUM INC. — TSX.V-ULT
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Blog - Latest News

Porsche Taycan Wildly Popular

January 21, 2019/in In the News/by Gray Leigh

Automaker Doubles Production of Porsche Taycan

The Porsche Taycan is yet to hit the market. However, the German automaker is already forced to double production of its electric vehicle.

READ: Electric Harley Davidson Bikes To Roll Out

The Porsche Taycan isn’t available until late 2019. Nevertheless, production has been doubled from 20,000 to 40,000 units. Consequently, industry experts believe it’ll be the year’s hottest vehicle. Unfortunately, the waitlist is long. Additionally, registration isn’t cheap. Details vary from dealer to dealer, but some require a $5,000 USD deposit. Meanwhile, some require no deposit.

Porsche TaycanModern Luxury Means Sustainability

The Porsche Taycan is expected to rival the Tesla Model 3 in performance. However, the Taycan comes with the prestige of Porsche. Moreover, Porsche was ready for this. It needn’t look far for proof. Several luxury carmakers have entered the EV market and have faced similar demand gluts.

Evidently, Porsche isn’t the only automaker experiencing massive demand. Jaguar, Audi, Ford, Harley-Davidson, and several other firms experience the same supply shortage.

 

Lithium Market to Benefit

Porsche TaycanWhen it comes to energy storage, some warn of lithium oversupply. However, a persistent trend suggests otherwise. Major automakers invest heavily in electric vehicle fleets. Additionally, national governments continue to back clean transportation initiatives. Consequently, lithium-ion battery use won’t slow. They’ll power the Taycan’s prismatic cells. Meanwhile, worries about range anxiety and EV performance slowly erode. The Taycan will go 0-to-60 mph in 3.5 seconds or less.

Ultimately, EV technology will soon catch up with its gas-emitting competitors. Furthermore, the world’s largest automakers invest billions in EV battery R&D. Some even partner together to get ahead of the curve.

Related Articles

• South Korean Lithium Demand Increases

• 2019 Electric Cars To Get Excited About

• Global Lithium Market for Batteries to Double

Ultra Lithium Inc. A team of lithium experts with a finger on the pulse of clean energy news, Ultra Lithium is a lithium exploration company with holdings in Argentina, Canada and the US (TSX-V: ULI, OTCQB: ULTXF and Frankfurt: QFB).

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LATEST NEWS

  • Ultra Lithium Responds to Government of Canada Critical Minerals AnnouncementNovember 4, 2022 - 4:30 am
  • Ultra Lithium Inc. Provides Update On Yahua InvestmentOctober 13, 2022 - 4:30 am
  • Ultra Lithium Completes 3,500 Meters Drilling To Date At Forgan Lake And Georgia Lake Lithium Properties Northwestern Ontario Intersecting Lithium Pegmatites With Widths Up To 15 MetersOctober 11, 2022 - 4:00 pm
  • Ultra Lithium Inc. Closes Private PlacementOctober 7, 2022 - 5:00 pm
  • Ultra Lithium Announces Private PlacementSeptember 8, 2022 - 4:30 am

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LITHIUM

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Laguna Verde Brine Lithium Property
– Laguna Verde Brine Photos
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Georgia Lake Lithium Pagmatites
– Georgia Lake Lithium Photos
Forgan Lake Lithium Pagmatites
South Big Smoky Valley Project

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CONTACT INFORMATION
Ultra Resources Inc.
1120 – 789 West Pender St.
Vancouver BC V6C 1H2
Canada

Kiki Smith, CPA, CGA
Chief Financial Officer
E: [email address protected by javascript]
T: +1-778-968-1176

Afzaal Pirzada, M.Sc.(Geo), P.Geo.
Vice President, Exploration
E: [email address protected by javascript]
T: +1-778-558-4940

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